Property News · May 12, 2022

Sunac China Holdings defaults on US$741.6 million bond, snared by ‘three red lines’ policy and sputtering home sales amid Covid-19 outbreaks


The company failed to make an interest payment and expects to miss payments on three additional notes, as it struggles to contend with a dramatic drop in sales and China’s “three red lines” policy.

Source : South China Morning Post
Read more…Sunac China Holdings defaults on US1.6 million bond, snared by ‘three red lines’ policy and sputtering home sales amid Covid-19 outbreaks